"Benny [Medina, Lopez's manager] told Fox that she does indeed want to return," a source revealed. "They're talking. Negotiations are in their infant stages, but they're underway to get her back to the judges' table."

Sources say that Lopez is eager to join the 'Idol' panel because of the stability it would provide for her twins, Max and Emme. "The twins will enter kindergarten in the Fall and stability is important for them –- and J. Lo -– at this time," an insider said. "She's looking for possible schools for the kids in Los Angeles at the moment."

The source added, "If she’s living in L.A. full-time she will be able to focus on her film career and other ventures, including her fashion business."

Lopez said last month that she had a "gut feeling" that a return to 'Idol' was imminent, telling 'Entertainment Tonight,' "That door’s not closed. I know I love the show and I had a great time on it, but the honest truth is I really don't know what my plans are ... I still enjoy the show, I still enjoy seeing those singers take that journey. For me, that's the real heart of that show."